Nvidia is now worth more than Amazon as its stock continues red-hot surge

Four years ago, Nvidia Corp. didn’t even rank among the top 20 U.S. companies by market capitalization. Now it’s poised to take over the No. 4 spot, having just passed Amazon.com Inc. based on intraday action Monday. Nvidia’s NVDA, +1.71% 2.1% stock rally as of midday Monday comes as Amazon’s stock AMZN, -0.61% is off 0.6%. Nvidia hasn’t finished a session worth more than Amazon since April 2002, when Nvidia was worth $5.73 billion and Amazon was worth $5.32 billion, according to Dow Jones Market Data.Now, ...